Friday 11 July 2014
net loss

Ithmaar bank narrows 2011 net loss

Bahrain-based Ithmaar Bank managed to cut its net loss last year to $61.9 million compared with $140 million for 2010. The 2011 results include a consolidated fourth-quarter loss of $68.6 million compared with a loss of $153.4 million for


Damas sees $520m full-year net loss

Damas, a leading retail jeweller in the Middle East, said it made a full-year net loss of Dh1.91 billion ($520 million), after provisions and non-recurring charges of Dh1.9 billion. The company also saw a 31 per cent drop in its revenues.


Aldar net loss hits $129.4m

Aldar Properties, Abu Dhabi's largest developer by market value, missed forecasts with a second-quarter net loss of Dh475.3 million ($129.4 million) hit by lower property sales and investment valuations. That was far worse than a loss of D


Zain Saudi Q2 net loss down 26pc

Zain Saudi Arabia made a net loss of SR632 million ($168.5 million) in the second quarter, down 26 per cent from SR857 million a year earlier, its lowest quarterly loss since it started operations two years ago. The kingdom's newe


Amlak swings to $48.2m annual net loss

Dubai Islamic mortgage lender Amlak, which is set to merge with Tamweel, posted a net loss of Dh177.3 million ($48.2 million) for 2009, compared to a net profit of Dh240.2 million the previous year. The Islamic mortgage lender ma


PetroRabigh Q2 net loss doubles

Saudi-based Rabigh Refining and Petrochemical Company  (PetroRabigh) said on Monday its losses had more than doubled in the second quarter, citing higher costs and lower demand for petrochemical products. The joint-venture of Saudi Ar

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